Posted on 06/26/2025 6:02:08 PM PDT by george76
WHAT HAPPENED: Mexico’s government is defending three financial institutions accused by the U.S. Treasury Department of laundering cartel money and facilitating payments for fentanyl precursors to China.
👤WHO WAS INVOLVED: Mexico’s Secretariat of Treasury and Public Credit (SHCP), the U.S. Department of the Treasury, CIBanco SA, Intercam SA, and Vector Casa De Bolsa.
📍WHEN & WHERE: Mexico’s SHCP issued a statement this week.
💬KEY QUOTE: “Financial facilitators like CIBanco, Intercam, and Vector are enabling the poisoning of countless Americans by moving money on behalf of cartels, making them vital cogs in the fentanyl supply chain.” — Secretary of the Treasury Scott Bessent
🎯IMPACT: Tensions between U.S. and Mexican authorities over drug cartel-related corruption and financial crimes are increasing.
...
Mexico’s leftist government is rushing to defend two banks and a brokerage firm accused by the U.S. Department of the Treasury of laundering cartel funds and aiding in payments to China for fentanyl precursors.
“Financial facilitators like CIBanco, Intercam, and Vector are enabling the poisoning of countless Americans by moving money on behalf of cartels, making them vital cogs in the fentanyl supply chain,” Secretary of the Treasury Scott Bessent said in a statement released June 25.
Mexico’s Secretariat of Treasury and Public Credit (SHCP) said they requested proof from the U.S. Treasury upon being notified of the actions against the cartel-linked institutions. According to the SHCP, their internal review found no evidence of criminal wrongdoing.
The SHCP claimed that the U.S. Treasury’s information pertained to a small number of transactions with “legally constituted Chinese companies,” which they argued were routine and consistent with legitimate commerce. A review by Mexico’s National Banking and Securities Commission (CNBV) reportedly found only administrative faults, not criminal activity.
The allegations against the institutions—CIBanco SA, Intercam SA, and Vector Casa De Bolsa—were part of a broader accusation that they had worked with drug cartels to launder millions in drug proceeds and facilitate payments for fentanyl precursors.
President Donald J. Trump vowed to crack down on fentanyl trafficking and combat the cartels, which he has designated as foreign terrorist entities. Currently operating in all 50 states, the cartels have attacked Border Patrol officials and even used drones as part of an effort to attack those defending the southern border.
The US sometimes defends its cartel-linked banks too.
“The US sometimes defends its cartel-linked banks too.”
So what’s your point?
L
Mexico’s leftist government getting their cut!
What’s your problem?
Evidently the Mexican government and the cartels are one and the same.
I was curious as to what you meant in the post I responded to.
If there was a point in there somewhere I didn’t see it. That’s why I asked.
L
Can you give us an example?
As much as the Biden figurehead government and the cartels?
CIA provided grenades, RPGs, shoulder fired rockets, anti-aircraft guns, night vision equipment, body armor and special deals to bring their drugs onto our soil with legal impunity?
DEA laundering millions of dollars for the drug cartels by setting up bank accounts for them that they otherwise couldn't do.
CONFIRMED: The DEA Struck A Deal With Mexico's Most Notorious Drug Cartel
businessinsider Jan. 13, 2014
The cartels are seen as a positive force by many in Mexico. They provide jobs in impoverished rural areas and bring in dollars from the U.S. The components for fentanyl aren’t smuggled in from China, they’re basically just imported like any other product. Under Biden, Mexico limited the activity of the U.S. DEA in Mexico to the point the DEA did nothing in Mexico and all without protest from Biden.
As are democrats via actblue
Didn’t Panama used to do this?
This is why we need to expand on our oil digging so we can cut off countries like Mexico who are not doing things in our best interest. They can just feel the deal.
wy69
Of course she is. No politician in Mexico is without the taint of the cartels, either through money or fear.
What is it? I don’t speak Spanish, but it’s plumbo ou plato, or something close.
For the Mexican president, “puta” suffices.
We all gotta understand that 9yearlurker is hardspunned lite.
9YL just posts ridiculous comments and whataboutisms and gaslightings — and will never reply or engage in discussion
He was asked lots of times to provide an alternative to the President Trump and Israel strategy to demolish the viable paths to an Iran nuke.
Never replied meaningfully from what I saw.
IOW, 9yearlurker is a troll. Or a perfect troll doppelganger.
We should have taken that country years ago.
Uh oh. The peasant countries are getting restless</s>
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